Essential Utilities’ $500 Million Senior Notes Offering

Simpson Thacher represented Essential Utilities on the deal.

Essential Utilities, one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states, announced its registered offering of $500 million of 5.3% Senior Notes due 2052. The offering closed on May 20, 2022. Essential Utilities intends to use the net proceeds to partially repay certain of its revolving credit facilities.

The Simpson Thacher team included Roxane Reardon (Picture), Ryan Bekkerus, Matt Hart and Braxton Pitts (Capital Markets); Michael Isby (Environmental); Jonathan Cantor and Andrew Mandelbaum (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jessica Cohen, Benjamin Hart and Kate Mirino (Intellectual Property).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Ryan Bekkerus – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jessica Cohen – Simpson Thacher & Bartlett; Matthew Hart – Simpson Thacher & Bartlett; Benjamin Hart – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Andrew Mandelbaum – Simpson Thacher & Bartlett; Kate Mirino – Simpson Thacher & Bartlett; Braxton Pitts – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Essential Utilities;

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Author: Youness Semri